Photo taken on Oct 9, 2023 shows the White House in Washington, DC, the United States. [Photo/Xinhua] WASHINGTON - US budget deficit totaled 1.7 trillion US dollars in fiscal year 2023, which ended on Sept 30, as interest rates have been surging, the Congressional Budget Office (CBO) sai...
Photo taken on Oct 9, 2023 shows the White House in Washington, DC, the United States. [Photo/Xinhua] WASHINGTON - US budget deficit totaled 1.7 trillion US dollars in fiscal year 2023, which ended on Sept 30, as interest rates have been surging, the Congressional Budget Office (CBO) sai...
"Just last month the Congressional Budget Office warned Americans that debt held by the public is on its way to a new record share of the economy in three years. The deficit will be nearly $2 trillion this year and nearly $3 trillion in ten years," Maya MacGuineas, president of the no...
"Just last month the Congressional Budget Office warned Americans that debt held by the public is on its way to a new record share of the economy in three years. The deficit will be nearly $2 trillion this year and nearly $3 trillion in ten years," Maya MacGuineas, president of the no...
concept becoming mainstream, central bankers are increasingly reluctant to over-expose themselves to dollar-denominated debt. In 2022, the total ownership of Treasury securities held by foreign countries fell by a quarter of a trillion dollars. The federal deficit for the same year reached $1.38 ...
which they invest in risk-free US Treasuries, thus increasing our national debt. What we need is deficit spending that’s primarily directed towards the bottom 80% of Americans, so that they can accumulate US dollars, instead of living paycheck to paycheck or dependent on household debt to mai...
No one is talking about the US trade deficit in the current fiscal year, but it is likely to be another record, bringing with it new rounds of trade sanctions and protectionism.In this article, I explain why the twin deficit hypothesis will apply, bearin
and a lower merchandise trade deficit. However, due to the inflationary impact of the tax cuts, inflation does settle around 2.3% per year by the outer years of the forecast, higher than in the status quo ante. Finally, with fewer deportations, labor markets will not be as greatly impacted...
America incurred a -US$1.153 trillion trade deficit for 2023, decreasing by -12.2% from the -$1.313 trillion in red ink for all products one year earlier in 2022. Below are product categories from the United States that are negative net exports or product trade balance deficits for 2022. Th...
The share of USD-denominated foreign exchange reserves dipped to 59.2%, according to the IMF’s COFER data released on December 31 for Q3 2023. For the past 20 years, the USD’s share has been on a slow downward trend, with other currencies nibbling at it from ...